CARETRUST REIT INC (CTRE) Stock Technical Analysis
USA - NYSE:CTRE - US14174T1079 - REIT
We assign a technical rating of 8 out of 10 to CTRE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CTRE is showing a nice and steady performance.
Besides having an excellent technical rating, CTRE also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 35.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.42, a Stop Loss order could be placed below this zone.
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24.65
When analyzing the support we can see 5 important areas.
- A support zone ranging from 33.81 to 34.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.89 to 33.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.03 from a trend line in the daily time frame.
- Support @27.97 from a trend line in the weekly time frame.
- Support @24.90 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 35.49 to 35.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CTRE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTRE is up. |
| ChartMill Relative Strength | 74.95 | POSITIVE | CTRE has a high relative strength, it outperformed 74.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTRE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTRE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.87 | NEUTRAL | The RSI value for CTRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CTRE has a positive trend. |
| Stochastics (14,3) | 74.05 | NEUTRAL | The Stochastics value for CTRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for CTRE suggests some volalility. |
| Average Directional Index/ADX (14) | 13.65 | NEGATIVE | The low ADX value for CTRE suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 35.76 | 33.80 | 1.96 (5.48%) | 18.24% |
| An entry @35.76. This is a Buy Stop order right above the resistance zone. | An exit @33.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.96 points, which is 5.48%. | When investing 18.24% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
35.39
+0.08 (+0.23%)
CARETRUST REIT INC / CTRE FAQ
What is the technical rating for CTRE stock?
ChartMill assigns a technical rating of 8 / 10 to CTRE.
What is the trend direction for CTRE stock?
The current trend direction for CARETRUST REIT INC (CTRE) is Bullish.
What is the RSI signal for CTRE stock?
CARETRUST REIT INC (CTRE) has an RSI value of 56.8736. This indicates that the stock is currently neutral.
What is the short term momentum for CTRE stock?
The short term momentum for CARETRUST REIT INC (CTRE) is positive.
What is the buy/sell signal for CTRE stock?
The buy/sell signal for CARETRUST REIT INC (CTRE) is buy as both the short term and long term trends are positive.